Circle F receives TCO for 71-unit condo with $79M sellout in LIC

Circle F Capital, on March 16, was issued a temporary certificate of occupancy for construction of a 71-unit, 75,264-square-foot condo building at 22-43 Jackson Avenue in Long Island City. David Feldman, a managing member of Circle F Capital, filed the plans.

The condo plans, CD190235, have a $78,966,000 sellout disclosed with the New York State Attorney General. David Feldman and Zhifong Wu are listed as the principals of the sponsor.

The developer had the condo declaration recorded this month with Acris.

The plans, pre-filed on March 27, 2017, call for the construction of a 147-foot-tall, 11-story residential building. The time from pre-file to TCO was four years.

The ground floor of the building has multiple retail spaces and a residential lobby, per the plans. The second floor has a recreation space, exercise room, terrace, and one dwelling unit. The remaining dwelling units occupy floors three through 11. Several of the units have balconies or terraces. The cellar has retail space in conjunction with the ground floor retail.

According to reports, a Trader Joe’s will occupy the ground-floor retail space.

Lemay + Escobar Architecture was behind the design.

The property was acquired for $23 million on May 1, 2017.

Direct link to Acris document. LINK

Direct link to DOB document. LINK

Direct link to C of O document.LINK